Germany still exports cars like hotcakes.
But China exports more.
China’s car exports surpass Germany’s after 54.4 per cent surge to 3.11 million in 2022, narrowing Japan’s lead – China has surpassed Germany to become the world’s second-largest car exporter after mainland exports jumped 54.4 per cent year on year to 3.11 million vehicles in 2022, according to the China Association of Automobile Manufacturers (CAAM).
Because things are looking better.
Because once things start looking better, they can only get worse.
German businesses expect only mild recession as disruptions ease – German companies expect only a mild recession next year despite headwinds from the energy crisis, raw material shortages and a tepid global economy, a survey of major associations published by Reuters on Tuesday showed.
There have been growing signs that the German economy could stave off the worst of an economic downturn triggered by a plunge in energy supply from Russia after the Ukraine invasion.
Inflation to 11.3% in November from a high of 11.6% the month prior as energy prices eased. The German government has predicted the economy will grow by 1.4% this year and next year.
It’s just that we don’t have enough ammunition.
The more things change (with the German army), the more they stay the same. I’ve timed these “unpreparedness” intervals to be about every eight to ten months – for decades now. Germans have no intention of ever having a “real” army again. The Bundeswehr is simply an alibi army needed to justify the German weapons industry. Just get used to it, folks. And don’t believe any of their rhetoric.
German defense minister comes under heavy fire over ammunition shortages – Both government coalition partners attack Christine Lambrecht over apparent unpreparedness and inaction to secure enough ammo for armed forces.
Why on earth for? It worked great with Russia.
German economy ministry reviews measures to curb China business – Germany’s economy ministry is considering a raft of measures to make business with China less attractive as it seeks to reduce its dependency on Asia’s economic superpower, two people familiar with the matter told Reuters.
The measures could include reducing or even scrapping investment and export guarantees for China and no longer promoting trade fairs and manager training there, those people said. Loans from state lender KfW could be re-directed to projects in other Asian countries, such as Indonesia, in line with attempts to diversify trade and increase business with democracies.
That means existential threat. Like: “The existence of many companies is being threatened by the increased prices.”
German companies are supposed to save gas. But the switch to oil, for example, is being held back by bureaucracy and legal uncertainty.
The German government is calling for gas savings, with the Federal Minister of Economics leading the way – and yet, from the point of view of companies, the government is preventing exactly what it is calling for. Several associations say that it is very difficult for companies to obtain approval for retrofits.
That means cusp of recession, as in being on it.
Germany on cusp of recession, says ifo, after business sentiment falls – German business morale fell more than expected in July as high energy prices and impending gas shortages push Europe’s largest economy to the cusp of recession, a survey showed on Monday.
The Ifo institute said its business climax index was 88.6, its lowest level in more than two years. June had also seen an unexpected drop to a downwardly revised reading of 92.2.
He’s bringing more jobs to us here in Germany.
When will the horror ever end?
Tesla Submits Application to Expand German Plant – Tesla has submitted an application to build on a further 100 hectares east of its plant in Germany, expanding the site’s area by a third, local newspaper rbb reported on Thursday, citing the local mayor.
The electric carmaker, which already has 300 hectares of land for its auto factory and battery plant under construction, planned to build a freight station, logistics areas and parking spaces on the additional space, Gruenheide mayor Arne Christiani told RBB.
It won’t change anything but it will make us feel good about ourselves.
Compare the weapons export numbers for Germany this year with the numbers this time next year if you don’t believe me. Just have patience. Seen it a dozen times. It’s a recurring, calming ritual Germans like to perform. They seem to believe it reinforces their moral superpower status.
Germany: Baerbock vows new law to curb weapons exports – German Foreign Minister Annalena Baerbock said new weapons export control legislation is in the works. During its last few days in power, Angela Merkel’s administration approved almost €5 billion in arms sales…
Together with the United States, Russia, and France, Germany is one of the world’s biggest arms exporters, according to the Stockholm International Peace Research Institute.
Or bureaucracy, if you prefer. That’s what’s happening to Tesla’s German gigafactory.
Nobody does it better, or worse, than the Germans.
Explainer: What’s happening with Tesla’s $7 billion German ‘gigafactory’?
Next Thursday, July 1, was supposed to be a day of celebration for Tesla: the opening of its self-styled “gigafactory” in the tranquil German municipality of Gruenheide, just outside Berlin.
But thanks to fierce environmental resistance, red tape and planning tweaks it is completely unclear when the first vehicles will roll off the production line of the electric carmaker’s first European factory.
Tesla has already pushed back the expected opening to late 2021. Yet the environmental agency in Brandenburg, the state where the 5.8 billion euro ($6.9 billion) plant is being built, has still not given final approval – meaning a further delay cannot be ruled out, even into 2022.
Maybe not as you planned, but still.
This is only the first official delay. The best is yet to come (think Berlin’s BER Airport). You picked the wrong country, Elon.
Tesla’s Berlin gigafactory to be delayed another 6 months: report – The German trade magazine Automobilwoche reported Sunday that production will not begin before the end of January 2022, and that Tesla Chief Executive Elon Musk officially gave approval for the six-month delay.
Observing Hermann 